Word: brentanos
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...gold at the rate of $1 billion a year while U.S. reserves are shrinking. Last week, under heavy pressure from the U.S. to help stanch the drain on U.S. gold, West Germany finally agreed to ante up. After a chat between Kennedy and West German Foreign Minister Heinrich von Brentano, the West Germans announced a long-range foreign aid program of about $1 billion a year...
...lesser extent, re-unification haunt the Germans, who feel that any change in the perpetual Berlin crisis is automatically a catastrophe and want new reassurance from the U.S. Bonn's recent offer to ease America's balance of payments dilemma and the forthcoming visit of Foreign Minister von Brentano on the sixteenth testify to this anxiety...
...Finance Minister Erhardt, who claims that the U.S.'s money troubles are short-term--is that this is election year. There is popular worry at home over the need for a better atmosphere between Germany and its friends and the usual opposition to spending money on practically anything. Von Brentano's meeting with Kennedy, like Adenauer's talks with De Gaulle costs nothing and can be presented to a smug electorate as a diplomatic merit badge: personal diplomacy is cheap...
...When von Brentano reaches Washington, Kennedy will have to be blunt. The immediate root of Bonn's difficulties is not Berlin, but Germany's refusal to assume its share of the West's financial burden. In return for the guarantees Kennedy is prepared to offer on Berlin, he must insist on systematic German contributions for economic assistance to underdeveloped countries. The United States is in for a prolonged recession, no matter what Erhardt says, and it is time for the Germans to pick up some of the West's checks...
...successor, though he knows that Erhard lacks both health and political savvy to hang on for more than one term. Then it would be his turn. Meanwhile, there are signs that he wants to be Foreign Minister, and is beginning to work on Foreign Minister Heinrich von Brentano the way he did on Blank...